Retail Insights: How PIM Helps Improve Retail Business

In today’s fast-paced retail environment, staying ahead of the competition requires effective management of product data across multiple channels. This is where Product Information Management (PIM) technology comes in. Retail Insights, in collaboration with implementation partners Salsify and Akenoe, offers cutting-edge PIM solutions to help businesses streamline their product data management processes and drive growth.

Let’s read how PIM, combined with retail insights, can help improve retail businesses.

Multi-Channel Listing Management

Multi-channel listing management is an essential feature of PIM that allows retailers to easily manage and distribute their product information across various sales channels. With PIM, retailers can create product listings that are optimized for each channel, ensuring that their products are visible and easily searchable by customers. This feature also allows retailers to quickly update their product information across all channels, ensuring consistency and accuracy.

Catalog Automations

Catalog automation is another feature of PIM that can help improve retail businesses. With catalog automation, retailers can easily create and update their product catalogs, eliminating the need for manual updates. This feature saves retailers time and effort, allowing them to focus on other areas of their business.

Flexible Data Modeling

Flexible data modeling is a feature of PIM that allows retailers to create custom product attributes and categorization, ensuring that their product data is structured in a way that is most relevant to their customers. This feature also allows retailers to easily add new products and categories, ensuring that their product catalog is always up-to-date.

Promotions

PIM also provides retailers with a way to manage their promotions and discounts. Retailers can use PIM to create and manage their promotional campaigns across multiple channels, ensuring that their promotions are consistent and optimized for each channel. This feature helps retailers attract new customers and retain existing ones, leading to increased sales and revenue.

DAM

Digital Asset Management (DAM) is another feature of PIM that can help improve retail businesses. With DAM, retailers can easily manage and distribute their product images, videos, and other digital assets across multiple channels. This feature ensures that retailers’ digital assets are organized and easily accessible, improving the customer experience.

Product Data Syndication

Product data syndication is a feature of PIM that allows retailers to easily syndicate their product data to various sales channels, such as online marketplaces, social media platforms, and comparison shopping engines. With product data syndication, retailers can ensure that their product data is consistent and up-to-date across all channels, improving their visibility and increasing their sales.

Success Story:

A fashion retailer struggled with managing their product data across multiple channels, resulting in inconsistencies and errors in their product listings. With the help of Retail Insights,, the retailer implemented a PIM solution that allowed them to easily manage their product information, automate their catalog updates, and optimize their promotions across various sales channels. As a result, the retailer saw a significant increase in their online sales, improved their customer experience, and was able to expand their product offerings to new sales channels, driving further growth for their business.

In conclusion, PIM combined with retail insights can help improve retail businesses in various ways, such as multi-channel listing management, catalog automation, flexible data modeling, promotions, DAM, and product data syndication. Salsify and Akenoe are two leading PIM implementation partners that provide retailers with comprehensive solutions to manage their product information. By leveraging these tools and features, retailers can improve their customer experience, increase their sales and revenue, and stay ahead of their competitors.

Experts in Digital Commerce – Magento Certified Partner UK

Magento Certified Partner in UK

Magento Certified Partner UK

We specialize in end-to-end digital and omnichannel commerce solutions. Retail Insights is one of the most respected experts in digital commerce on the Magento certified partners UK. We’re dedicated to helping companies exceed their goals. We focus on the client experience and are confident we can deliver the best solution for any business.

With Adobe Magento 2, we can create the best eCommerce tailor-made for your business and your customers.

Adobe Commerce (Magento 2) is the largest and most advanced eCommerce platform. Online store owners appreciate the high performance of Magento as well as the unlimited possibilities of advanced functions. 

Magento 2 was released in 2015 by Adobe. The global Adobe brand supports Magento 2 technology and adapts it to the latest programming practices.

Main Reasons to Choose Adobe commerce cloud (Magento)
Magento 2 platform brings new opportunities to your business.

Scalability and efficiency

Don’t lose clients by slow load e-store! Provide fast and hassle-free access to your website no matter how big your store will grow. Choose a scalable solution.

Modular Design

Modules are the heart of Magento. They serve as the foundation for the entire IT architecture. Therefore, you can expand and modify the platform endlessly.

Intuitive interface

Admin panel, as well as store view, are UX friendly – modern, extended but also readable. Content moderators without coding knowledge can easily cope with using the platform.

Multi-site unified commerce

Solution for companies that run many online shops (in different languages or for different types of clients). You see all stores in one management panel.

Responsive design

The store website will look great on various kinds of devices. It makes mobile eCommerce more approachable to customers.

An extensive analyst

Magento 2 analytical tools give the opportunity to monitor website traffic and collect important information on user behavior.

Infinite Integrations

Expand your eCommerce business with numerous extensions and plugins. Optimize the managing and selling process and save your time.

Why You Should Migrate to Magento 2.0?
Security

Magento 2 supports algorithms that reject scam orders and reduce attacks. Adobe ensures regular security patches if they found any issues.

Speed improvements

The average time page load is faster than Magento 1 by around 50%. Magento 2 allows seeing the page before the entire page loads. The platform has also image optimization tools that work on servers.

Better UX & CX

Magento 2 provides easy to use admin panel but also takes care of customer experience. Responsive design is standard for Magento 2 in contrast to Magento 1.

Architecture

Magento 2 has a totally different architecture and supports a lot of new technologies. It opens more space for customization or optimization. New technologies that developers can use: RequireJS, Composer, Symphony, and more.

Read More

Adobe Magento Solution Enabler in UK
Looking for a Magento Certified Partner in UK?
Our Magento-certified partners in UK can help you create an online store that will perfectly fit your brand, products, and business requirements.

We work with the latest and greatest in e-commerce solutions; Magento, Shopify, Salesforce, Blue Yonder, etc. But we also know that every business is different and therefore we will tailor our services for your company exactly as you need them.

Our Magento-certified partners in the UK have been working together for years, which means you can trust us to be your trusted partner without having to worry about compatibility issues from software platforms.

For us it doesn’t matter whether your business is large or small; it’s up to you how much time you want to take to understand all the options and functionality available to help make your business grow.​​ Finding a good Magento agency in the UK can be hard. Retail Insight is a bronze partner of Adobe Magento. We develop impactful Magento platforms for clients who are looking for growth.

With over 150+ certified professionals we are working with well-known brands like. Our customer teams can support you.

Services we provide to bring new opportunities to your business.
Replatforming support
Strategic e-commerce road mapping
Commerce automation
Headless and composable architectures
Product Data management
Customer Experience services
Support and improvements of existing stores
Migration M1 to M2
Want to talk to a Magento Certified Partner UK specialist directly?
Looking for advice for realizing your e-commerce projects or bringing your existing Magento project to the next level?
Connect with us today!

sales@theretailinsights.com || +91 9945872535 || Visit us at- https://theretailinsights.com/

How omnichannel retailing is changing the retail industry?

omnichannel retailing
What is omnichannel retailing?

The retail industry has changed dramatically in the past few decades. With the rise of the internet, customers are less inclined to drive down to their nearest mall or shop. Instead, they are choosing to buy online or find items they need by searching for them on their smartphone. Omnichannel retailing is becoming more and more popular with retail stores because it enables them to reach customers on all of their devices, no matter the customer’s location. We are the best omnichannel retailers UK.

Best omnichannel retailers UK

Omnichannel retailing is an essential part of this trend. It means that retailers should offer a seamless shopping experience to all customers – whether they are online, at a store, or in between both channels – and make it easy for them to switch channels or interact with any channel at any time. The results are staggering: companies have seen a significant increase in-store traffic, conversion rates have increased by up to 40%, and stockouts have been reduced by 50%.

How does omnichannel retailing benefit customers?

Omnichannel retailing is a new form of commerce. It is the convergence of in-store and online shopping channels, which allows consumers to shop from wherever they are. Omnichannel marketing benefits customers because it makes the shopping experience more convenient for them. Without going through the hassle of going to a physical store, they can just shop online.

customer experience
customer experience

Why is omnichannel important for customer experience?

Omnichannel retailing is a method of marketing that focuses on the customer’s journey. To be successful requires a company’s ability to connect with consumers no matter how they engage- in-store, online, or through mobile devices.

The key to successful omnichannel retailing is one that is data-driven and strategic in nature which helps brands understand the customer better and how they want to engage with them. Omnichannel retailers must also invest in making their customers feel valued, regardless of channel or device.

What is an omnichannel strategy?

Omnichannel retailing is a strategy that retailers use to provide an integrated service across all channels. This may include in-store, online, mobile apps, and social media channels.

The focus is on the customer experience. It involves making shopping easy for customers through the use of information technology and modern technology. The idea is to make it easier for customers to buy products from any channel they want without having to visit every channel separately.

omnichannel retail strategy
omnichannel retail strategy

How does Omnichannel retail work?

Omnichannel retailing is a term that is used to describe a retail system where both online and physical stores are combined. It is an effective way of capturing customers that are interested in the products but cannot physically visit the store for some reason.

This may include using social media platforms to advertise products, while also providing consumers with the option to buy the products online. The customer can order them on-demand or on-site at any time of day, which provides them with more flexibility when on the go.

Best omnichannel retailers UK
omnichannel retail – e-commerce strategy

Best examples of omnichannel retail?

So, here are a few examples

Amazon: Amazon, one of the pioneers of omnichannel retailing, has seamlessly integrated online and offline shopping. It provides its customers with customer service through chatbots and store employees.

Zara: Zara, another pioneer in this space, changed the way people shop by opening up its stores 24 hours a time and allowing shoppers to reserve items online.

Brewster’s: Brewster’s department stores have created an omnichannel experience by using touch screens to guide shoppers through various options in clothing, shoes, and accessories.

Writer analysts at McKinsey said:

An omnichannel transformation is the only way for a company to address rising complexity, provide an excellent customer experience, and manage operations costs

The Future of Omnichannel retailing in India

Today, India’s hyper-connected consumers are quickly going into a period where they anticipate that brand owners should offer steady and unmatched support across all touchpoints. They are not just searching for the right item that suits their requirements but on the other hand are looking for a smooth journey in finding the product independent of different stages that they use, getting it from, and getting it conveyed at their doorstep.

However, to better integrate in-store and online shopping experiences, brand proprietors and retailers experience numerous difficulties in effectively executing the omnichannel strategy.

Omnichannel retailing in UK

UK buyers proceed to research and shop on numerous channels, further obscuring the lines between the web and in-store shopping as omnichannel stays a famous and developing shopping pattern. 

As indicated by JRNI’s Third Annual Modern Consumer Research Report, there is a worldwide consistency across virtually all item classifications – hardware, clothing, gifts, family, excellence, and wellbeing.

By and large, 74% of buyers’ web room – investigating the internet, buying available – dominatingly for gadgets, attire, and family things. It likewise tracks down that there is an ascent in showrooming with, 57% of buyers effectively investigating coming up, buying on the web – principally for apparel, presents, and gadgets.

Future of Omnichannel Retail

Best omnichannel retailers UK
omnichannel retailing future

Omnichannel retail refers to the mix of retail channels like stores, on the web, and mobile into a single, seamless customer experience. The rise of new internet-based channels significantly affects the retail business over the previous decade, and it is relied upon that the need to incorporate various channels will change the retail business throughout the following decade.

9 out of 10 consumers need a consistent shopping experience, regardless of whether they are purchasing on the web mobile app, on social media, by telephone, or in a brick-and-mortar store. They want personalized experiences, and brands currently have the devices to give them. 

Omnichannel retail brands are oriented toward the omnichannel customer, with client conduct driving each next move the brand makes. each customer interaction changes the subsequent stage the client will experience. The brand is attempting to direct the client toward a particular result. The brand and customers are now walking in lockstep. 

Brands that win in this new customer-centric landscape will adopt an omnichannel approach to provide that seamless experience their customers want. As a result, those brands will show much higher levels of customer satisfaction and brand loyalty.

To Conclude…

No matter what type of business you’re in, your customers expect a seamless omnichannel shopping experience. With multiple devices and shopping channels, it’s easier than ever to shop and research products and pricing. If your business is struggling with omnichannel, we hope that this blog helps you improve your omnichannel strategy and customer service. Reach us today for the best omnichannel retailers UK.

As an omnichannel merchant, you must have a way to effectively accept and process orders from your customers, no matter how they choose to shop. Find out how a multi-channel retail platform can help you control your inventory, manage your channels, and increase conversions.

Retail Insights is an Award-Winning Global Omnichannel Advisor Technology (Software) Company for Experience Commerce with Edge Computing, based in the USA, and India with representation in the Middle East and the UK. We are the best omnichannel retailers UK

Certified Solution Partners – Adobe Commerce Cloud (Magento), Salesforce Commerce Cloud (SFCC), Intel, GCP, and others.

So what are you waiting for? Go ahead and share your thoughts as comments below

Connect with us : sales@theretailinsights.com || +91 9945872535

8 Reasons Why New Retailing Methods Are a Must – Buy, Sell and Return Anywhere

Retailing

Retailing is defined as a set of activities or steps used to sell a product or a service to consumers for their personal or family use. It is responsible for matching the individual demands of the consumer with the supplies of all the manufacturers.

Retailing

Retailing has become such an intrinsic part of our everyday lives that it is often taken for granted. The nations that have enjoyed the greatest economic and social progress have been those with a strong retail sector. Why has retailing become such a popular method of conducting business? The answer lies in the benefits that a vibrant retailing sector offers—easy access to a variety of products, freedom of choice, and high levels of customer service.

Retailing encompasses selling through the mail, the Internet, and door-to-door visits—any channel that could be used to approach the consumer. When manufacturers like Dell Computers sell directly to the consumer, they too become retailers.

In an era of globalization, liberalization, and a highly aware customer, a retailer is required to make a conscious effort to position himself distinctively to face the competition. This is determined to a great extent by the retail mix strategy followed by a company to sell its products.

The role of retailers in the present competitive environment has gained the attention of manufacturers because external parties, such as market intermediaries and supplying partners are becoming increasingly powerful. It is thus, necessary for the marketers of consumer products to identify the needs and motivations of their partners in the marketing channel.

8 Reasons Why New Retailing Methods Are a Must – Buy, Sell and Return Anywhere

1. Customers aren’t comfortable
2. Maintained customer relationships
3. Reintroducing the human element
4. Staggered selling of products and services
5. Inventory management efficiency
6. Staying competitive in a changing landscape
7. Complete customer-centricity on all channels
8. Evolving with the retail industry

For the best Retailing solutions talk to our Team of Architects and Business Analyst to experience how we have helped tier 1 Retailers/Brands from Retail Survivalists are NOW “The Kings of Convenience”

Mounir KHALLOUK

Retail Insights (Your Omni (or Digital Officer)- Where Technology Meets Retail/Brands.

Retail Insights is a Salesforce Commerce Cloud (Demandware) certified partner and having a skilled team that is proficient in Salesforce commerce cloud (Demandware) cartridge development and leveraging Product information Management, Order Management Solution, Loyalty and CDP/DMP Expertise, and many more.

For more information Click Here

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#omnichannel #retailtechnology #digitalcommerce #retailinsights #retailsolutions #magentocommerce #salesforcecommercecloud #retail

Curbside Pickup

Curbside Pickup

Retail Insights Offers an Affordable Application to Help Retailers Reopen and Operate Online with Curbside Pickup

Curbside Pickup

Retail Insights Curbside Pickup Application — How It Works
It integrates with eCommerce solutions — Magento, Salesforce, and Shopify, an affordable and powerful website for business;
By adding a delivery option to the online store, orders marked as ‘curbside pickup’ will flow directly into the application.
Accessible from any mobile device, the application allows retailers to view their orders and communicate the status of each order to their customers via mobile text messaging.
The text messages inform customers where and when to pick up their orders; and contain a link that, when clicked, automatically alerts the retailer they have arrived.

Should you need further demos, assistance, or clarification, our retail experts are standing by to assist.

Retail Insights (Your Omni (or Digital Officer)- Where Technology Meets Retail/Brands.

sales@theretailinsights.com ||www.theretailinsights.com|| Watsup – +91 9945872535

#ecommerce #retailinsights #digitalcommerce #unifiedcommerce #shopify #omnichannelretail #salesforce #directtoconsumer #retailtransformation #magentoecommerce #ecommercedevelopment #smartretail

Can omnichannel retailing be a potential solution to combat the COVID-19 crisis?

omnichannel retailing

Can omnichannel retailing be a potential solution to combat the COVID-19 crisis?

Rebuilding their loyal customer base and engaging some new customers discovered from their digital presence

Be Agile, Go Digital, and Stay Connected – 9-Point Agenda

1. Malls to open closed-loop marketplaces for the retailers

2. Contactless Solutions – Lockers, Drive-Thru, Kiosks (Endless Aisles), Delivery Options – Reserve, Ship from Store, etc.

3. Take your CRM to the next level and treat your best customers like VIPs

4. Technologies like virtual reality to further enhance online product experiences

5. Booking and Appointment Engine for Assisted Selling

6. Engage/Tag on Visual Social Commerce viz. Taggbox etc.

7. Innovating new personas for the products or services

8. Automating Backoffice clerical works

9. Re-evaluate the product/price matrix, while securing margins

10. Supplier collaboration tools to meet needs and develop joint action plans

11. Store Layouts – Long-lasting hygiene and distancing measures impact store layouts and staff training

12. Promotion Engine – O2O Strategies, Product Mixes, Location, etc.

There is no standard solution to prepare for the new normal after a corona. Retail Insights believes in the need to develop a tailor-made approach that fits your history, your needs, and your capacities for change at a time when many teams are focused on day-to-day crisis management.

There is no standard solution to prepare for the new normal after a corona. Our point of view is in need to develop a tailor-made approach that fits your history, your needs, and your capacities for change at a time when many teams are focused on day-to-day crisis management.

omnichannel retailing

Retail Insights Your Omni (or Digital Officer- Where Technology Meets Retail/Brands. We are the top omnichannel retailing company.

sales@theretailinsights.com ||www.theretailinsights.com|| Watsup – +91 9945872535

#retailinsights #digitalcommerce #unifiedcommerce #salesforcecommercecloud #retailtransformation #omnichannel #retailsolutions #retailing

Engineering The Omni Channel Possibilities

Engineering The Omni Channel

Engineering the Omni Channel Possibilities.

Due to current situations, we see changes in behavior in customer buying in the retail/omnichannel delivery/fulfillment models.

Kroger announced its first pickup-only store for click-and-collect orders; Walgreens announced that it too will convert its 7,300 pharmacy drive-thru windows for grocery pickup.

We see these trends shaping up across the world where the stores will now have pick-up lockers, ship-from-store kiosks (Similar to ATMs), and endless aisles with QR codes for both essentials and non-essentials.

Engineering The Omni Channel

Retail Insights solution leadership with integration capabilities with temperature-controlled lockers, and endless aisles accelerators for pick-up as well as drive-through situations.

Engineering the Omni Channel Possibilities

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#omnichannel
#retailinsights #unifiedcommerce
#retailtransformation
#digitalcommerce
#customerexperience
#retailsolutions

Retail Insights provide solutions for the Connected Customer Experience.

Solutions for Connected Customer

How do you Sell To All Channel customers, Who Buy Experiences?

Solutions for Connected Customer

Product, price, place, and promotion are now being eroded by technology, which has transformed purchases.

The all-channel customer is the one who values a superior buying experience. For many enterprises, it’s a complex process engaging a connected buyer.

With unique profiles, preferences wants and needs, customers expect to meet them wherever, whenever and however they choose to engage.

Retail Insights provide solutions for the Connected Customer Experience

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hashtag#digital hashtag#retail hashtag#customerexperience hashtag#ecommerce hashtag#insights hashtag#omnichannel hashtag#customerengagement hashtag#indiaretail